Tax deduction prior to completion of gift?

Your Legal Questions Answered

Can a tax deduction be taken for 2014 even though the commitment and the gift were made in 2015?

No. A gift is made when the gift is complete and if it is not complete until 2015, a deduction cannot be taken earlier.

Wednesday, February 4, 2015 - 12:00

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Your Legal Questions Answered

Tax deduction prior to completion of gift?

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